DEFIANCE, Ohio, April 25, 2013 (GLOBE NEWSWIRE) -- SB Financial Group (Nasdaq:SBFG) ("SB Financial") announced today that its board of directors passed a resolution declaring a quarterly cash dividend of $0.03 per common share, payable on May 24, 2013, to shareholders of record as of May 10, 2013.
"This dividend increase represents a 20 percent increase over our dividend from the first quarter," said Mark Klein, President and CEO of SB Financial. "We have just completed another successful quarter, reflecting improvement in our performance, and in our capital position. Our progress in each is providing us the opportunity to continue to return to our shareholders a cash dividend."
About SB Financial Group
Based in Defiance, Ohio, SB Financial is a financial services holding company with two wholly-owned operating subsidiaries: State Bank and RDSI Banking Systems (RDSI). State Bank operates through 17 banking centers in seven Northwestern Ohio counties, and one center in Fort Wayne, Indiana; as well as three loan production offices: two in Columbus, Ohio and one in Angola, Indiana. State Bank offers a full range of financial services for consumers and small businesses, including wealth management, mortgage banking, commercial and agricultural lending. RDSI provides item processing services to community banks located in the Midwest. SB Financial's common stock is listed on the NASDAQ Global Market under the symbol SBFG.
Forward-Looking Statements
Certain statements within this document, which are not statements of historical fact, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties and actual results may differ materially from those predicted by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties inherent in the national and regional banking, insurance and mortgage industries, competitive factors specific to markets in which SB Financial and its subsidiaries operate, future interest rate levels, legislative and regulatory actions, capital market conditions, general economic conditions, geopolitical events, the loss of key personnel and other factors. Additional factors that could cause results to differ from those described above can be found in SB Financial's Annual Report on Form 10-K and documents subsequently filed by SB Financial with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made, and SB Financial undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made except as required by law. All subsequent written and oral forward-looking statements attributable to SB Financial or any person acting on its behalf are qualified by these cautionary statements.